Silver Moving into Mania Phase

June 26, 2012 By 14 Comments

SD Contributor Ich1baN discusses psychological impetuses affecting silver’s move in an upward and parabolic trend.

Silver: Moving into Mania Phase!!


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Comments

  1. Avatar of Silvergood1 Silvergood1 says:
    June 26, 2012 at 11:41 AM

    Sadly, today we are losing all the gains from yesterday.  The banks will push as low as possible until the inflation numbers pick up causing the next great run.

  2. Avatar of Plebian Plebian says:
    June 26, 2012 at 12:33 PM

    “Sadly, today we are losing all the gains from yesterday.”

    Begin to change your mindset:
    If you understand that silver and gold are preservers of wealth, your true wealth ought to be measured in oz of silver and gold owned.  Therefore, unless you have sold your precious metals, the quantity of oz of silver and gold that you own has not changed, and you are preserving your wealth for the long term.  You did not lose anything!

    Ask how many oz of silver or gold you own, rather than what its equivalent prices are in US Dollars (or Euros, or Yuan, or whatever other fiat paper currency is out there).

    Richard Russell has commented recently that, if you own 10,000 oz of gold, you will always be rich (no matter what age you live in).

  3. Avatar of ich1baN ich1baN says:
    June 26, 2012 at 12:48 PM

    Hey Doc,

    Thanks for posting this.
  4. Avatar of SILVERKING16 SILVERKING16 says:
    June 26, 2012 at 2:46 PM

    “Sadly, today we are losing all the gains from yesterday”

     

    Can’t look at the price everyday. Just sit and hold. This is a marathon that may take 2, 5, 8 years to play out.  If the price drops, don’t look at it as a “loss”, just look at it as a great buying opportunity.

  5. Avatar of 2 OZ. 2 OZ. says:
    June 26, 2012 at 2:54 PM

    Love the silver to gold ratio chart ich1baN. Great vid. This is a different look at the possibility of $50.00 silver.

  6. Avatar of Marchas45 Marchas45 says:
    June 26, 2012 at 4:33 PM

    I’m with plebian on this one!! forget the spot price and have a new mindset. These types of charts are new to me but I’m willing to have an open mind but the bottom line is this world is going to shit and no chart is going to tell me what’s going to happen down the road as it’s all speculation and manipulation. All we have to go on is history and NO ONE CAN PREDICT THE FUTURE. I am STACKING because of what’s happening in the world not on charts or the spot price. That’s My Mindset. KEEP STACKING YOUR GONNA NEED IT. and I don’t even think we are close to the so called Mania Phase but when we’re in it, we’ll know,  as there will be no Silver or Gold to be had.

  7. Avatar of silverbullion silverbullion says:
    June 26, 2012 at 7:26 PM

    Ich1baN Thumbs up! Very interesting take on the awareness levels and how the silver to gold ratio comes into play… keep up the good work.

  8. Avatar of silverbullion silverbullion says:
    June 26, 2012 at 7:35 PM

    M45 and Plebian

    I think ich1baN focuses on the spot price just to give us an indication of the awareness levels, the higher the spot price moves, the higher the awareness level. He didn’t say anything about being in it for the fiat paper profits. I might be wrong, but I am sure he was only focusing on the spot price to tell us more about the awareness levels (and of course the silver to gold ratio – to tell us that silver is cheap relative to gold at this stage).

  9. Avatar of Marchas45 Marchas45 says:
    June 26, 2012 at 7:58 PM

    Nothing against ich1ban SB I just don’t like charts in this time of turmoil as in my opinion they are not showing the true story in the Gold and Silver market or the levels.
    I believe the levels are very even especially when the time comes when we have to start using our stash to survive that’s why I’m buying silver now.
    So to me the cost or spot is not important and I made no mention of being in it for Fiat Profit which is the farthest thing from my mind.

  10. Avatar of Danno Danno says:
    June 26, 2012 at 8:01 PM

    Good watch… Thanks for the vid!!
    SilverGood I’m with the others on this…. The only time price matters is when your converting your fiat to physical… And that still doesn’t matter as much as one would think… An oz is an oz is an oz…. I will take silver or gold over fiat any day at whatever the price is… I do enjoy the spot sales when we get them though… I mean who doesn’t like a blue light special…LoL… You just have to look at it that way and you will be fine… Price goes down it’s a converting opportunity… Otherwise it’s just counted in OZ’s…. Stack while you can…

  11. Avatar of silverbullion silverbullion says:
    June 26, 2012 at 8:06 PM

    No worries M45.

  12. Avatar of silverbullion silverbullion says:
    June 26, 2012 at 8:10 PM

    Danno You’re right, “who doesn’t like a blue light special,” especially on a tight ass fiat budget. lol

  13. Avatar of Danno Danno says:
    June 26, 2012 at 11:24 PM

    HELLZ YEAH brother!! Speakin of good deals….Hahaha… I lucked out today… Had to take a ride today and found a LCS about an hour from home so I stopped in to see what they had… I figured it would be a quick visit since they had nothing but coin supplies on the shelves… Asked the guy there if they had anything and he said he was just watching the place but he would check the vault if I knew what I wanted… Anyways I asked if he had any bullion and out comes 10 1oz Engelhard rounds… Said I could have them at spot…. Just happen to be when the price had just dropped… He looks at spot price of 26.80, I hand him fiat and quickly got out of there…Hahaha…. The rounds are BU… Not a huge score but a score that made me smile… Good stuff…LoL

  14. Avatar of 427 427 says:
    June 27, 2012 at 1:15 AM

    Good score Danno

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